4 ms·
> And how do you ignore the effect of the fact that rent no longer rises during the life of the tenant, Rent control schemes don’t work like this, except in co
by Aurornis 2mo ago
> And how do you ignore the effect of the fact that rent no longer rises during the life of the tenant,
Rent control schemes don’t work like this, except in completely broken policies.
Landlords are given an allowance for rent control increases year over year. The point is that they basically have to take the maximum allowed every year to avoid getting stuck.
- tdeck 2mo agoIn CA many cities allow landlords to "bank" rent increases in some way. For example, in SF: https://www.sf.gov/information--banked-rent-increases https://www.sf.gov/information--banked-rent-increases